Compare Galileo Financial Technologies vs Synapse
Customers evaluate the quality of Galileo Financial Technologies's products using the following success metrics.
Overview
Galileo Financial Technologies is 24 yrs old and is based in United States.
Galileo Financial Technologies offers payment processing and program management solutions. The company provides fraud detection, security, decision-making analytics, and regulatory compliance functionality for financial technology (fintech) companies, banks, and small and medium enterprises (SMEs). It was founded in 2000 and is based in Sandy, Utah. In April 2020, Galileo Financial Technologies was acquired by SoFi.2B.
Synapse is 10 yrs old and is based in United States.
Synapse develops a platform helping banks and developers work together. The technology involves developer-facing application programming interfaces (APIs) that allow companies to connect with banks to offer services, and also bank-facing APIs that allow banks to automate and extend back-end operations. It was formerly known as Synapse Payments. It was founded in 2014 and is based in San Francisco, California.
Demo Video
Leadership
Derek J. White (Chief Executive Officer)
Bryan Keltner (Founder)
Investors
SoFi, Ryan Smith
Trinity Ventures, Core Innovation Capital
Product
Why Galileo Financial Technologies beats Synapse
Why Synapse beats Galileo Financial Technologies
- Galileo Pro (more comparable to Synapse) has an implementation time of 3-4X that of Synapse. No compliance with Galileo. Customers choose Synapse for: Comprehensive offering spanning deposits, payments, cards, credit and crypto, built-in banking partners, all integration points, KYC and compliance;
- Rapid speed to market with a modern API-first platform - live in 6-8 weeks;
- Platform flexibility enabling new, innovative offers specific to their customer audience;
- Limitless scale so that our customers can grow their businesses without re-platforming.
Benefits
- For Emerging Brands: ● Create payments and financial solutions that are reliable, innovative and scalable for the company and customers. ● Ability to test, execute and launch new financial experiences — at every stage of growth. ● Ability to navigate the complexities of fintech to achieve goals.
- For Established Brands: ● Enable the expansion of capabilities to serve customers better. ● Launch new products that redefine the financial frontier and extend access to customers. ● Provide financial experiences that retain and grow customer relationships. ● Embed financial solutions to enhance core product offering that is non-financial
- Platform and product flexibility to enable new, never-before-imagined financial products, enabling customers to bring their vision to market.
- Speed to product launch in weeks.
- Breadth of financial products and service offers that can be supported with Synapse.
Products
Galileo Platform
This powerful API-enabled financial technology platform is the only platform built to expand the financial frontier. The platform is designed for flexibility, speed and scale so companies – no matter what kind – can quickly adapt as their customers and programs evolve, and add new products. Moreover, the Galileo platform is built to support a wide range of use cases—from secured credit and debit payments to cryptocurrency.
The Synapse Platform
The Synapse platform powers customizable financial solutions that fuel the business models of fintechs across a wide range of sectors. Our platform is designed for speed, compliance and scale, packed with all the elements necessary to launch complete fintech solutions, from neobanks to applications with embedded finance capabilities, to fully featured deposit, payment, card, credit and crypto products.
Customers
Synapse works with 5 known companies.
Known Partners
Yotta, GigWage
Why They Buy
Ualá has received global recognition and investment from some of the world’s biggest investors for good reason...The company has revolutionized financial services in Argentina, and Galileo is honored to help facilitate Ualá’s expansion into Mexico. With Galileo providing processing services, Ualá can focus on what it does best: innovative payments and creating a financially inclusive environment for all.
We wanted a platform that empowered us with the flexibility to customize our products so we can meet the unique needs of our customers...We also wanted a partner who aligned with our mission to support banking built for borrowers. Synapse was there to help us get to market much faster and ensure we are compliant with state and federal regulations. Since launching with Synapse on Sept 1, 2022, Glance has received over 4,500 new applications and has lent over $250,000 to customers across the United States.
News & Analysis
Galileo Financial Technologies has been mentioned in our research 4 times.
Synapse has been mentioned in our research 1 time.
Research Articles
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